Younger Americans have no reason to be a glumse about the future, as long as there is no “nuclear war,” said JPMorgan Chase’s CEO, Jamie Dimon.
“These children, anyone who is depressed, whenever we do not have, such as nuclear war, they will have an incredible life,” Dimon told Fox Business Maria Bartiromo.
The billionaire Wall Street Powerbroker cited the huge net-viable of US households, which will eventually be transmitted to younger generations, and the technological advances that it believes will allow generation Z and the Alpha gene to live long and healthy lives.
“People say that the next generation is in poor condition, really?” Dimon said the duration of his appearance on Wednesday. “They will inherit a country that is $ 200- $ 300 billion. They will probably live at 120. [Artificial intelligence] You will cure some cancers. ”
“They don’t regret the situation.”
The Federal Reserve discovered that Net-Vorth homes increased to $ 169 billion last month.
By 2045, it is projected that more than half of that total, $ 84.4 billion, transferred to the heirs, marking an important transfer of multigenenerational wealth, according to the experts of the Financial Services firm Cerulli Associates.
Instead of depositing disappointed young people “they should look at this world and say:” What can I do with him? “You know,” What can I do better than people before me? “Dimon argued.
The CEO also suggested that younger people should “take care” of themselves as part of their preparations for a successful future.
“If you do not take care of your mind, your body, your spirit, your soul, your friends, your family, you will not have a great life and you will enjoy it,” Dimon said.
“Have a little heart and humanity, treat people properly. [The way] I grew up, the way you treat everyone is fair, honest and direct … and you will have a great life. “